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PDA

tvlaptop
Sep 22, 2007, 05:41 PM
Where do the following 3 accounts fall under:Assets,liabilities,stockholder's equity,revenue,or expense


1. Interest Earned
2. Unearned Services Fees
3. Delivery Truck

Thanks
aaj6770
Sep 22, 2007, 05:55 PM
Where do the following 3 accounts fall under:Assets,liabilities,stockholder's equity,revenue,or expense


1. Interest Earned
2. Unearned Services Fees
3. Delivery Truck

Thanks
Interest Earned - Revenue
Unearned Service Fees - Liability
Delivery Truck - Asset (unless the company is into truck sales, then it would be inventory)
CaptainForest
Sep 23, 2007, 01:49 PM
Interest Earned - Revenue
Unearned Service Fees - Liability
Delivery Truck - Assets

Inventory is an asset, as is PPE. Either way, the truck would be an asset.